SUNation Energy Files 2024 10-K, Details Stock Split & Offering
Ticker: SUNE · Form: 10-K · Filed: Apr 15, 2025 · CIK: 22701
Sentiment: neutral
Topics: 10-K, reverse-stock-split, offering, financials
Related Tickers: SUNE
TL;DR
SUNation Energy (SUNE) filed its 2024 10-K, showing a reverse stock split in Oct '24 and a Feb '25 offering. Check financials.
AI Summary
SUNation Energy, Inc. filed its 10-K for the fiscal year ending December 31, 2024, on April 15, 2025. The company, formerly known as Pineapple Energy Inc., reported financial results and disclosed significant events. Notably, the company underwent a reverse stock split in October 2024 and completed a February 2025 offering.
Why It Matters
This filing provides a comprehensive overview of SUNation Energy's financial health and strategic moves over the past year, including significant corporate actions like a reverse stock split and a subsequent offering.
Risk Assessment
Risk Level: medium — The company has undergone significant corporate restructuring, including name changes and stock splits, which can indicate underlying volatility or strategic shifts.
Key Numbers
- 2024 — Fiscal Year End (The 10-K covers the fiscal year ending December 31, 2024.)
- 20250415 — Filing Date (The 10-K was filed on April 15, 2025.)
Key Players & Entities
- SUNation Energy, Inc. (company) — Filer of the 10-K
- Pineapple Energy Inc. (company) — Former name of SUNation Energy, Inc.
- 20241231 (date) — Fiscal year end
- 20250415 (date) — Filing date
- October 2024 (date) — Date of reverse stock split
- February 2025 (date) — Date of offering
FAQ
What were the primary reasons for the reverse stock split in October 2024?
The filing mentions 'sune:October2024ReverseStockSplitMember' and associated dates, but the specific reasons are not detailed in the provided text snippet.
What was the outcome of the February 2025 offering?
The filing references 'sune:February2025OfferingMember' and a date of 2025-02-27, indicating an offering occurred, but details on its success or terms are not in the snippet.
What is the company's current SIC code and what does it represent?
The SIC code is 3661, which corresponds to TELEPHONE & TELEGRAPH APPARATUS.
How many previous company names has SUNation Energy, Inc. had?
SUNation Energy, Inc. has had two previous names: Pineapple Energy Inc. and Pineapple Holdings, Inc., and prior to that, COMMUNICATIONS SYSTEMS INC.
What is the company's principal business address?
The business address is 171 REMINGTON BOULEVARD, RONKONKOMA, NY 11779.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on April 15, 2025 regarding SUNation Energy, Inc. (SUNE).